spiveyb

My plans are to pay off and keep my 15 f sport as my daily driver. Down the road if I feel like having another car payment, it will probably be one on the GS-F. My question is, what is considered to be a good/great lease deal on a Lexus? Never leased before and know I won't finance that amount. Any help would be appreciated.

badbwoy007

iTrader: (1)

I've never leased before because I feel like you can get a better deal with an outright bank financed deal.

I would assume no money down would be good a start.

badbwoy007

iTrader: (1)

I also just read though this online.

https://www.nerdwallet.com/blog/loan...to-lease-deal/

http://guides.wsj.com/personal-finan...o-lease-a-car/

CTNYC

Also Edmunds forums to get current money factor and incentive information. LeaseHackr is a good tool too.

To put it extremely generally I think:
MSRP x 1% = monthly payment (incl taxes) - this is generally a pretty solid deal, assuming 12k/15k miles, and minimal (maybe 1st month payment + a few hundred in fees down)
for instance, $60,000 x 1% = $600, I'd personally aim to be at $600 or lower monthly payment with no more than say $1000 or $1100 due at signing (unless there is an option for multiple security deposits, in order to lower the money factor)

Obviously there are a lot of flaws to my way to "calculating" what a solid deal is -- like extremely varying tax rates/how leases are taxed among different states, if it's a brand new hot model that is moving without incentives, or vice versa.